Plan Ledger DOL Form 5500 · updated monthly

Artesia General Hospital401(k)

ARTESIA GENERAL HOSPITAL 401(K) PLAN · ARTESIA, NM · plan year 2024

Reported admin expense ratio · 2024
0.44%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Artesia General Hospital reported $85,253 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,777 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.49% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 82nd-largest of 290 plans among New Mexico employers on file, and the 3,494th of 11,911 in health care & social assistance. In 2024, employees put in $2.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,512,844
Participants with balances458
Active participants405
Employer contributions$719,511
Employee contributions$1,784,919
Employer contribution per active participant$1,777
Average account balance$46,971
Benefits paid to participants$1,723,184
Plan auditUnmodified (clean) audit opinion
AuditorDINGUS, ZARECOR, AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 458 accts · $720K emplr
2023$17.4M · 422 accts · $682K emplr
2022$14.0M · 417 accts · $710K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,108
Investment management$65,145
Total administrative$85,253
The Artesia General Hospital 401(k) match · 2024
Employer contribution per active participant$1,777
Median for plans this size$2,416
2024$1,777 per active participant
2023$1,750 per active participant
2022$1,889 per active participant

Artesia General Hospital's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$24,821
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$20,891
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,108
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$19,433

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$85,253 · 0.44%
2023$77,512 · 0.49%
2022$74,594 · 0.49%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
La Clinica de Familia, Inc. NM$26.4M · 0.04%
El Centro Family Health NM$17.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742851819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.